The Emini closed up 1.25 points at 1,455.75 on Tuesday. Another small range (5.75 points) and low volume (0.7 million contracts) day, signaling a lack of demand. The Emini couldn't get past 1,458 – a level it has hit three times in the last two days.
TRIN Indicator
The chart above shows my Adjusted Trading Index (TRIN) indicator. You can read about the TRIN Indicator here. Today's adjusted TRIN indicator reading was just +7, showing a lack of conviction by buyers. We might be seeing the Emini starting to roll over.
Follow this link to a feature article with videos and analysis using the Better TRIN Indicator.
